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9 sats \ 0 replies \ @KingZing 21 Jun 2022
I would love to hear the thoughts on some of these public mining companies' CFO on why they always held on to their btc for so long.
"hodl through everything" is such an ideologist move for a for profit mining public company
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0 sats \ 1 reply \ @k00b 21 Jun 2022
Nic Carter was on Pomp's podcast talking about how this is what happened last bear cycle. He went onto say that he thinks the cycle's bottom will be when miners have completely emptied their bags.
Preston Pysh on WBD implied the bottom wasn't in yet either.
I don't like to time markets, but they seemed strangely consistent on the macro. It might just be the Twitter echo chamber, but they came to the same conclusion from different angles - on-chain analysis vs macro analysis.
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101 sats \ 0 replies \ @jp 21 Jun 2022
The Pomp + Nic Carter interview was definitely worth the watch.
I agree that holding BTC on balance is difficult as a miner. The alternative is to borrow against the BTC as a miner but they seem to be already levered up due to the capital-intensive business they run.
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